On June 2, FormFactor rose 5.79% in regular trading, trading at $124.775/share, with trading volume of $24.03 million, staging a technical rebound following multiple consecutive sessions of sharp declines.

On the news front, the semiconductor equipment sector rallied broadly, providing upward momentum for FormFactor. Within the sector, Lam Research gained 4.21%, Applied Materials rose 3.88%, ASML Holding advanced 3.39%, AXT climbed 5.72%, and KLA-Tencor added 2.7%. The industry-wide recovery offered a supportive backdrop for the rebound.

FormFactor had previously reported strong first-quarter results with revenue of $230 million, gross margin expanding 5.1 percentage points sequentially to 49.0%, and raised second-quarter guidance. However, profit-taking pressure drove the stock from approximately $138 in late May down to around $114, creating significant oversold conditions. The combination of sector-wide strength and technical repair demand jointly propelled the current recovery.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)